Treasury Minister Chris Thomas says more work would be done to calculate how much raising income tax allowances would cost the government.
This week in the House of Keys he faced questions from Arbory, Castletown and Malew MHK Jason Moorhouse about the cost of letting people keep more of their earnings.
Mr Thomas said raising the income tax threshold by £250 would cost around £2.5 million.
But he added that figure could change depending on circumstances:
Film extras needed for new Island-shot movie!
Could you kickstart your film-star career this TT?
Government video shows plans for four-foot harbour wall
The government has released a new video showing what Ramsey's harbour would look like if flood prevention plans are approved.
Commissioners say “pick up your pooch’s poop!”
Port St Mary commissioners have issued a plea for dog walkers to show some local pride and clean up after their pets.
Historic Manx one-pound notes up for auction
Two unique banknotes could fetch as much as 150 times their face value this weekend.
Is the Island ready for 100,000 people?
How will the Island's schools and health system cope with 100,000 people?
Set your alarms! Young Farmers Concert tickets on sale this weekend
Tickets to one of the Isle of Man's most-anticipated theatre events will go on sale this weekend.
Snow shuts the Mountain Road
The Mountain Road has been closed today due to heavy snow and dangerous driving conditions.
Stop putting knives in recycling, says council
Douglas Council is asking people not to put knives in recycling boxes.
